NPP accuses President Mahama of propaganda in State of the Nation Address

The New Patriotic Party (NPP) Minority in Parliamenthas strongly refuted claims made by President John Mahama in his recent State of the Nation Address (SONA), accusing him of resorting to propaganda rather than presenting a factual State of the Nation

Speaking at a press conference on Monday, March 3, former Minister for Finance Dr. Mohammed Amin Adam, explained that President Mahama failed to acknowledge the true factors behind Ghana’s economic stability, particularly the exchange rate stability seen before the end of 2024 and continuing into 2025.

“Fellow Ghanaians, the true state of the nation is that exchange rate stability, which we saw before the end of 2024 and which has continued into the first quarter of this year, is not by any magic from the Mahama government. It is because the Akufo-Addo government left significant levels of international reserves for them.” He stated

Dr. Mohammed Amin Adam further expressed disappointment that the President chose “propaganda” over truth, stating that a more balanced acknowledgment of past economic challenges and achievements would have fostered national unity and consensus.

“One would have appreciated a true state of the nation that acknowledged challenges in 2022. The remarkable turnaround as a result of the decisive policies of the NPP government supported by the IMF and the challenge is still remaining that will require steadfastness from the new government.

“When this is backed by clarion call by the president to Ghanaians to support him and his new government to consolidate the gains, you would have had consensus across the political divide to drive the building back better agenda for Ghana. Rather, he chose to do propaganda and we can assure you that this propaganda will come to hit and hurt him hard.” He said.

The former Finance Minister also clarified that while the President’s speech highlighted the sinking fund as a buffer for debt payments, it was only one of several financial safeguards put in place by the previous government.

“In addressing the issue of buffers created to support expenditure and maturing debt obligations, the President focused on the sinking fund as if it is the only source of buffers. The sinking fund is just one of our buffers. At each point in time, the government designate some accounts for buffer and for purposes of special payment.

“In the last eight years, such accounts included the sinking fund, the Eurobond proceeds accounts, the IMF proceeds accounts and the treasure main two accounts. For example, the IMF third review disbursement of $250 million was done on 2nd December 2024 but this was kept as buffer, part of which was used to pay coupons amounting to 346 million dollars to Eurobond holders on 3rd January 2025.” He said.

Source: Elvisanokyenews.net